Zee Enterprise, buy on declines: Sandeep Wagle, APTART Technical Advisory Services

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com (Technical Check), in a chat with ET Now, gives his call Zee Enterprise.

What is the call on Zee Enterprise?

I can talk of a limited upside to the tune of around 148 to 150. Though the trend is up, I do not see that kind of strength where it is a great buy. Maybe on a decline to say around 135 makes a decent buy but I do not have a view beyond 148 to 150. Talk of a Rs 10 move upside, yes.

This could happen over the next few trading sessions because the Nifty is at a level where it can bounce back to 5480-5500. In case that happens with the market, the stock will move but not beyond 148 to 150.